Speaking at Fortune’s Global Sustainability Forum, Vinod Khosla said the venture capital industry has a responsibility to find and fund “instigators of change”—the entrepreneurs who can almost single-handedly bring carbon-reducing tech to the mainstream.
A busy day with six new fundings totaling $200M for NYC startups...: The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 9/28/2023 featuring funding details for AlphaSense, Stepful, and much more. This page will be updated throughout the day to reflect any new fundings. AlphaSense, a market intelligence and search platform, has raised $150M in Series E funding from investors that include Viking Global Investors, Goldman Sachs Asset Management, CapitalG, and Bond. Founded by Jack Kokko in 2008, AlphaSense has now raised a total of $770.1M in reported equity funding.
SAN FRANCISCO, CA, Prompt AI, a startup harnessing the power of large language models to democratize access to computer vision, raised $5 million in seed funding.
LOS ANGELES, CA, Electric boat company, Arc, announced a $70M Series B funding round led by Eclipse.
Creaegis led the round for the quick-service coffee and food brand, with participation from existing investor WestBridge Capital. : MUMBAI: The quick-service coffee and food brand Third Wave Coffee has raised $35 million in a Series C funding round led by Creaegis. The round also saw participation from existing investors including WestBridge Capital and angel investors. The company will utilise the capital for country-wide expansion, bolstering its supply chain, enhancing capabilities, and investments in technology, it said.
Meagan Loyst, the founder of the young investor community, Gen Z VCs. Meagan Loyst Loyst founded Gen Z VCs, a community of over 25,000 young investors, founders and operators. After getting nearly 400 responses to her prompt, she sorted the data into four categories.A plurality of young investors and founders said they wanted venture capital to be more accessible.For newcomers, the clubby world of venture capital can often seem like a black box.
The easy money era for private equity is over. : We’ll send you a myFT Daily Digest email rounding up the latest Adventurous Investor news every morning. Over the past few years, I’ve written about why private investors might want to invest in private assets and especially equity, usually through a listed investment trust. At its very simplest, there are more high-growth businesses that are choosing to avoid the public markets and opting to stay private for longer, aided by private equity funds.
Tencent Holdings: Tencent-backed Ai Chip Startup Enflame Raises $274M From State-linked Investors, Others, Et Telecom
The deal came as the development of generative AI, boosted by the success of OpenAI's ChatGPT, raises investor interest in companies working on AI-related infrastructure such as AI chips.
But beneath the constant stream of public company news, the investable universe of publicly traded companies in the U.S. continues to shrink and grow older – declining by almost 50% over the last 25 years, from 8,090 in 1996 to 4,266 in 2019.1 Moreover, only 13.8% (2,829) of U.S. companies with annual revenues greater than $100 million are public, leaving public investors closed off from more than 18,000 private companies that operate at that scale.2 The implications of this trend are profound.